I'd like to verify the correctness of a verbal statement or phrase that I might have heard or read somewhere but I don't have the source anymore.
The context is the conclusion of a duel in the Victorian era, and I believe the phrase "honor is satisfied" can be used by someone with authority to state it aloud for all the participants and witnesses that according to their observation the duel itself was fought properly, and whatever the result is, there is no further need for remaining offended nor ashamed and the matter should be closed.
Example:
Jennings fell to his knees, unable to continue. His wavering hand was barely able to hold the sword. "I yield!" -- he breathed hesitantly.
Lord Yarmouth raised his hand and stepped between the fighters to end the duel. "Honor is satisfied" -- he declared firmly.